Odyssey Gold Joint Venture And don't forget that our joint venture partner in Australia is also busy, with 3.6 million in cash, the company is well equipped.
Does anyone know if MMY also has to pay 20% of the exploration costs?
I am surprised that we don't hear so much about this joint venture although MMY and Odysee are working together.
https://www.youtube.com/watch?v=Ik7CA-SVx-Y
ODY’s provides shallow high-grade ounces and potential underground scale in
a district with 7.5Mtpa of processing capacity
“We are pleased to report our operations update for the March quarter – a period in which the Company
continued to execute its strategy to establish a maiden JORC 2012 Mineral Resource estimate at its
flagship Tuckanarra Gold Project in WA. This latest drilling extended the Highway Zone to the east and
complemented the consistent run of high-grade gold results delivered from drilling in late 2022 at the
Highway Zone target which confirmed wide shallow oxide intersections and higher-grade mineralisation
extending to 200m vertical below surface.
Results from the most recent RC drill program, highlighted by 11m @ 8.4g/t Au in fresh rock,
demonstrates the consistency of the high-grade shoot and introduced potential evidence of more high-
grade mineralisation at the Highway Zone further east. Early signs from the AC drill program are also
positive, with the ultramafic rocks associated with the Highway Zone mineralisation defined for a further
650m to the east of our 2022 drilling campaign and 2m @ 5.5g/t Au intersected to the east of the RC
resource drilling.
Targeted drilling to add shallow mineralisation in support of future open-pit mining will be accompanied
by a diamond drill program down-dip to demonstrate the scale of underground mining potential at the
Highway Zone, which to-date has been intersected 200m below surface and remains open down-dip.”